Argo Blockchain releases 2024 Q1 report: Q1 output of 319 BTC

Crypto mining company Argo Blockchain released its Q1 2024 report, stating that: ·Q1 generated $16.8 million in revenue; ·38% mining profit margin; ·Reduced debt by $12.4 million, a decrease of 19% compared to December 2023; ·Net proceeds from the sale of the Mirabel factory were $3 million; ·A total of 319 BTCs were mined in Q1, which is an average of 3.5 BTCs per day; ·At the end of this quarter, the company had cash holdings of $12.4 million and held 11 bitcoins or bitcoin equivalents.